Personal Loan for Salaried Individuals

With IDFC FIRST Bank FIRSTmoney, you can secure a personal loan with flexible repayment options and a hassle-free application process. Whether you need urgent financial support or want to plan for future expenses, FIRSTmoney ensures fast and easy access to the funds you need, when you need them.

To effectively utilise the Personal Loan EMI calculator, follow the below steps:

1. Input the required loan amount
2. Choose a repayment period, between 9 to 60 months
3. Input the estimated interest rate to calculate the EMI, using the Instant Loan EMI Calculator

That’s all! The calculator will display your monthly instalment in a few seconds. 

Once you are aware of how much you need to pay each month as your personal loan EMI, you can plan ahead so that loan repayment is a seamless experience

• Enjoy instant access to loans of up to ₹10 lakhs based on your need and eligibility.

• Pick a repayment term based on your preference, ranging from 9 to 60 months.

• Benefit from low interest rates starting at 10.70% p.a.

• Receive funds directly in your account with a seamless, paperless application process.

• Repay your entire loan without any foreclosure charges at any time.
 

With these features, borrowing is simple, seamless, and in your favour.

• Medical Crises: Cover unexpected medical expenses without straining your savings.

• Consolidation of Loans: Combine multiple loans into one for easier and more manageable repayments.

• Home Improvement: Enhance or renovate your home without depleting savings.

• Education and Professional Development Fund additional studies or professional courses to enhance your career.

• Big-Ticket Purchases Afford goods or services without an immediate financial burden.

• Holiday Planning Plan your dream holiday without disrupting your financial stability.

Personal loans give you the convenience of funding such expenses in an easy and smooth manner without disturbing your savings or mental peace.

• Personal Loan Interest rate: Starting at 10.70% p.a., based on your credit score and loan tenure.

• Processing charges: Up to 2% of the loan amount at disbursal.

• Foreclosure fees: No foreclosure fees, so you can pay off the entire loan anytime.

• Penalty for late payment: As per the loan agreement.

With transparent terms and no hidden charges, FIRSTmoney ensures you stay informed and in control of your financial commitments.